No building land due to new EU native model?

I am not tied to Munich, but my wife is so highly specialized that she always has to travel to Munich. There are no jobs for her outside of it. So the A94 is an option. She has been driving at least 1 hour to Munich for many years and is used to it. I also wonder how much longer she will tolerate that.

I don’t see a problem setting up financing with the current salary, but what if we have children and my wife stays at home for several years or eventually only works part-time. Then €6500 quickly becomes €5000 or less. And then I would be reluctant to have to pay €2500 for the house.

What I haven’t mentioned is that we have a very, very cheap apartment (120sqm) and only pay €650 cold rent. The question is whether we should simply stay there for the next few years.
The risk, however, is that in 5-10 years houses will be much, much more expensive, since then the A94 will finally be finished (construction end Q4/2019).

If we exceed the pain threshold and look at small villages that are quite far from the A94, then the prices are low but, then it’s no longer feasible to commute.

650 cold? Sorry, then you should increase your savings rate even more. If I were you, I wouldn’t ask where to build cheaply but where to settle for future planning… if you say your wife is highly specialized in her job, she won’t want to commute 1 hour or more with children in part-time work. Or how have you planned that if the child vomits and you need to quickly pick up the kids from daycare?

You have studied for a long time, are in your early 30s, but highly specialized? How long have you been working, maybe 5 years? There are still 40 more working years ahead! Specializations can be changed. But you have to want that. I myself spent my first ~8 years in a niche and lived very well from it, but with family and location issues, that can change.

And after parental leave and subsequent part-time work, to put it bluntly, the specialist status tends to be over anyway. I regularly experience this myself with women in the company who come back and wonder why they no longer get top projects with 25-30 hours per week. One wanted a magnificent 10 hours as a re-entry, but please in the old position. Pipe dreams.

650 cold? Sorry, then you should increase your savings rate even more.

Definitely!

Or how did you plan to handle it if a child vomits and you have to quickly pick up the kids from daycare?

I don't think they have thought that far ahead yet. There are so many things related to children that you don't think about beforehand because you simply don't come up with the idea that you should think about them... and then of course the points that catch you completely off guard. It's the same for us.

Does it have to be Munich, can't it be another big city?

Aren't the truly economically strong cities almost interchangeable? Is Hamburg/Frankfurt/Berlin/Stuttgart, even Hannover really such progress in construction prices? Because if very specialized, then Rostock probably won't work. And what about "home"? I would think very differently in the situation of the two: straight into the city. Look for a condominium. No matter what it costs, nonsense. The money is there. Give up commuting. Give up one car, maybe even both (car sharing). Then work and family would also become compatible. Karsten

It depends. Such salaries are more common in office jobs. Employers are slowly becoming more open to home office. Colleagues who have to drive about 15 km into Frankfurt need almost as long searching for a parking spot as I do with the train and 70 km. I am more relaxed at work because I could still sleep or read a book. 1 hour is absolutely reasonable

Where we are, you can sometimes be glad to even get a seat on the train heading to FFM [emoji16]

Hi,

just to say carefully and politely:

eventually only works part-time. then 6500€ quickly become 5000€ or less. and then I really wouldn’t want to have to pay 2500€ for the house.

What I didn’t mention is that we have a very, very cheap apartment (120sqm) and only pay 650€ rent.

If you’re only spending about 1000 € of 6500 Euros net on housing and still barely have 15 k€ left per year, you should very seriously reconsider your spending structure and discipline before buying.

In other words: How on earth do you manage to blow 4250 € monthly (6500-1250-1000) just on pure living expenses as a couple??? It’s your business, but do you only live on caviar and champagne?

If you’re not able to significantly reduce that, you will definitely face a real financing problem later.

About the prices: yes, with your salary you are basically in the pure “supply and demand” area and since you don’t have children yet, there really is no reason why anyone should now also subsidize your building plot.

Although personally I find a “locals’ model” morally appalling. First, the municipality squanders the plots to “natives” (which 1. is legally not really clean, there have already been some lawsuits about that, and 2. at least here around Nuremberg the prime plots surprisingly always go to some city council members) and afterwards the daycare prices are raised because the municipality is broke...

Discounted allocation to families, gladly, but wanting to buy cheaper just because you’ve lived somewhere as a couple for a while?!? Why should one do that?

Best regards,

Andreas